RE: Battle Of The Crypto Coins - Week 2 - $75 Steem Dollars In Prizes - Deadline 19:00 UTC Sunday 10th September

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Battle Of The Crypto Coins - Week 2 - $75 Steem Dollars In Prizes - Deadline 19:00 UTC Sunday 10th September

in crypto •  7 years ago 

Isn't it based on the ethereum network?

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No, It's kind of like China's version of Ethereum.

...NEO, which is China’s first original blockchain project, announced the launch of its NEO Smart Contract System 2.0, earlier this month. This also comes along with a re-branding effort from its former identity as Antshares.

In addition, compared to Ethereum’s 15 transactions per second, NEO supports up to 10,000 transactions per second, which is very energy-efficient compared with Ethereum.

https://thenextweb.com/contributors/2017/08/17/heres-neo-plans-top-ethereum-bitcoin/#.tnw_8D0xddGC